Surveillance: Rajappa's Recession Call
Bloomberg Surveillance
00:00
The Fed's Decision to Go Higher on the Terminal
Paul Donovan: Maybe the economy has become less interest rate sensitive, as you say. If that's the case, does that mean the Fed ultimately have to go higher on the terminal than cycles previous? Do we need to go above 6 to really cool down the final areas of the economy? He says central banks also need to broaden their thought.
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